Regulatory Alerts2001-04-03
Added
Notice No. 4/2001 of the Bank of Portugal
The Bank of Portugal amends Notice No. 12/92 by adding Article 9-A, which mandates the deduction of the acquisition value of securitization titles held by non-originator entities when those titles concentrate the credit risk of the underlying assets. The notice also redefines the composition of core own funds and supplementary own funds by adjusting the summation and deduction rules for specific elements listed in Articles 3 and 4. Finally, Article 8 is revised to state that an institution's total own funds consist of the sum of core and supplementary own funds, minus the amounts referenced in Articles 9 and 9-A.
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